By Tim - http://stockstobuy.org
The following is Bank of America Corp. (NYSE:BAC) technical analysis for September 7, 2010
Bank of America Corp. Support & Resistance Levels - 9/7/10
Resistance Levels: $13.83, $14.64
Support Levels: $13.00, $12.20, $11.90
Chart - Courtesy of www.stockcharts.com
Bank of America Corp (BAC) closed at $13.50 on Friday but failed to close back above the 50 day moving average. Bank of America Corp will have resistance located at $13.84 starting on Tuesday as well as $14.00. Bank of America will now have support located at $13.30 as well as $13. Bank of America is a strong buy below $13 for the long term.
Bank of America Corp (BAC) closed at $13.50 on Friday but failed to close back above the 50 day moving average. Bank of America Corp will have resistance located at $13.84 starting on Tuesday as well as $14.00. Bank of America will now have support located at $13.30 as well as $13. Bank of America is a strong buy below $13 for the long term.
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